MSA.TO vs. SBS
MSA.TO (Mineros S.A.) and SBS (Companhia de Saneamento Básico do Estado de São Paulo - SABESP) are both stocks. MSA.TO operates in Gold (Basic Materials), while SBS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, MSA.TO returned 123.93%/yr vs 41.25%/yr for SBS. At a 0.08 correlation, their price movements are largely independent.
Performance
MSA.TO vs. SBS - Performance Comparison
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Different Trading Currencies
MSA.TO is traded in CAD, while SBS is traded in USD. To make them comparable, the SBS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MSA.TO achieves a -4.61% return, which is significantly lower than SBS's 16.57% return.
MSA.TO
- 1D
- -3.11%
- 1M
- -7.83%
- YTD
- -4.61%
- 6M
- -3.41%
- 1Y
- 121.70%
- 3Y*
- 123.93%
- 5Y*
- —
- 10Y*
- —
SBS
- 1D
- 1.92%
- 1M
- -12.84%
- YTD
- 16.57%
- 6M
- 15.32%
- 1Y
- 44.20%
- 3Y*
- 41.25%
- 5Y*
- 36.99%
- 10Y*
- 17.13%
MSA.TO vs. SBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MSA.TO Mineros S.A. | -4.61% | 300.72% | 158.75% | 7.02% | -32.00% | -1.74% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 16.57% | 72.35% | 3.90% | 43.39% | 57.82% | 19.64% |
Correlation
The correlation between MSA.TO and SBS is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.08 |
Fundamentals
MSA.TO:
CA$1.58B
SBS:
$19.10B
MSA.TO:
CA$0.66
SBS:
$2.48
MSA.TO:
8.08
SBS:
2.19
MSA.TO:
0.05
SBS:
0.04
MSA.TO:
1.69
SBS:
0.48
MSA.TO:
2.77
SBS:
0.44
MSA.TO:
CA$937.58M
SBS:
$38.70B
MSA.TO:
CA$403.36M
SBS:
$13.96B
MSA.TO:
CA$400.83M
SBS:
$14.87B
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Return for Risk
MSA.TO vs. SBS — Risk / Return Rank
MSA.TO
SBS
MSA.TO vs. SBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mineros S.A. (MSA.TO) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MSA.TO | SBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.90 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.63 | 5.71 | +1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSA.TO | SBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.31 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.99 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.37 | +0.65 |
Drawdowns
MSA.TO vs. SBS - Drawdown Comparison
The maximum MSA.TO drawdown since its inception was -49.92%, smaller than the maximum SBS drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for MSA.TO and SBS.
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Drawdown Indicators
| MSA.TO | SBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.92% | -69.15% | +19.23% |
Max Drawdown (1Y)Largest decline over 1 year | -40.74% | -23.42% | -17.32% |
Max Drawdown (3Y)Largest decline over 3 years | -40.74% | -23.42% | -17.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.37% | — |
Current DrawdownCurrent decline from peak | -29.43% | -21.95% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -19.05% | -21.70% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.01% | 7.76% | +8.25% |
Volatility
MSA.TO vs. SBS - Volatility Comparison
Mineros S.A. (MSA.TO) has a higher volatility of 18.99% compared to Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) at 9.70%. This indicates that MSA.TO's price experiences larger fluctuations and is considered to be riskier than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSA.TO | SBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.99% | 9.70% | +9.29% |
Volatility (6M)Calculated over the trailing 6-month period | 40.98% | 24.60% | +16.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.84% | 33.92% | +20.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.95% | 37.68% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.95% | 44.01% | +8.94% |
Dividends
MSA.TO vs. SBS - Dividend Comparison
MSA.TO's dividend yield for the trailing twelve months is around 2.60%, more than SBS's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSA.TO Mineros S.A. | 2.60% | 2.49% | 8.48% | 14.20% | 13.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP | 2.35% | 4.68% | 1.96% | 1.66% | 1.88% | 0.97% | 2.93% | 1.99% | 3.86% | 2.76% | 0.65% | 1.91% |
Financials
MSA.TO vs. SBS - Financials Comparison
This section allows you to compare key financial metrics between Mineros S.A. and Companhia de Saneamento Básico do Estado de São Paulo - SABESP. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MSA.TO vs. SBS - Profitability Comparison
MSA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a gross profit of 142.57M and revenue of 291.81M. Therefore, the gross margin over that period was 48.9%.
SBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.79B and revenue of 9.78B. Therefore, the gross margin over that period was 38.8%.
MSA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported an operating income of 135.21M and revenue of 291.81M, resulting in an operating margin of 46.3%.
SBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.33B and revenue of 9.78B, resulting in an operating margin of 34.1%.
MSA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a net income of 87.69M and revenue of 291.81M, resulting in a net margin of 30.1%.
SBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 1.72B and revenue of 9.78B, resulting in a net margin of 17.6%.
Frequently Asked Questions
MSA.TO and SBS have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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